20015 Is DC’s Least Affordable Zip Code

Posted by Mark Washburn on Monday, April 21st, 2014 at 6:47am.



A new map by Zillow was released last week to much fanfare across DC, calculating housing affordability based on a monthly payment of $2,000, or 18 percent of a buyer’s monthly income, assuming a $500,000 home purchase price.  The color-coded map from dark red to dark green revealed the 20015 zip code as the least affordable, which includes the pricey DC neighborhoods of Chevy Chase DC and Friendship Heights.  After 20015, the 20003 zip code for the Capitol Hill neighborhood comes in 2nd, and the 20007 zip code for the neighborhoods in Georgetown, Glover Park, Foxhall, and Massachusetts Avenue Heights comes in at #3.  Longtime DC residents would not be surprised by these findings.

The map reveals DC’s eastern neighborhoods (NE) as most affordable and the western neighborhoods (NW) as least affordable.  At Zillow, affordability is measured by how much of a person’s monthly income is spent on a mortgage payment.  With a combination of rising home prices and mortgage rates, the median household in DC spends 22% of their income to afford the mortgage payments on the median home.

In 2013, the median household income was $91,689 in DC.  The typical DC homebuyer spent $1,357 each month on mortgage payments for homes, not condos, assuming a 20% down payment on a median home valued at $343,600 on a 30-year fixed mortgage with a 4.3% interest rate.

20015 Real Estate For Sale:

15 Properties Found. Page 1 of 2

Great Investment Opportunity To Complete An 8 U...

Photo of Listing #DCDC509382

$3,175,000 Active

  • 8 Beds
  • 4 Baths
  • 0.07 Acres
  • 2,720 ft²

Residential

4319 Harrison St Nw, Washington, DC

MLS® #DCDC509382

Great Investment Opportunity To Complete An 8 Unit Residential Building Just Off Wisconsin Avenue In Friendship Heights. Each Unit Is 2 Beds/2 Baths, Ranging From 980 To 1,200 Sq Ft. Plots, Plans, And Permits All Secured And Convey With Sale. Just Around Th...

Major Price Reduction !! This Custom Home ...

REDUCED 5% Photo of Listing #DCDC498052

$2,365,000 Active

  • 6 Beds
  • Baths
  • 0.14 Acres
  • 5,000 ft²

Residential

5711 32nd St Nw, Washington, DC

MLS® #DCDC498052

Major Price Reduction !! This Custom Home Checks All Of The Boxes. Neshanic Development, Torres Construction And Ellen S. Klein Realtor Are Proud To Present This Wonderful Home Custom Designed By Salt Box Architecture This House Checks All The Boxes F...

Presenting 5800 Oregon Ave Nw, An Enchanting Lo...

REDUCED 5% Photo of Listing #DCDC512846

$2,075,000 Active

  • 5 Beds
  • Baths
  • 0.27 Acres
  • 5,918 ft²

Residential

5800 Oregon Ave Nw, Washington, DC

MLS® #DCDC512846

Presenting 5800 Oregon Ave Nw, An Enchanting Location Across From Rock Creek Park And Rock Creek Community Gardens. Enjoy Your Very Own Private Front Porch With A Front Row Seat For Watching Nature Unfold. Attention Gardeners & Nature Enthusiasts, And Tho...

Spectacular Sun Drenched Two Level Penthouse In...

Photo of Listing #DCDC507086

$1,975,000 Active

  • 2 Beds
  • Baths
  • 2,192 ft²

Residential

4301 Military Rd Nw #ph2, Washington, DC

MLS® #DCDC507086

Spectacular Sun Drenched Two Level Penthouse In The Luxurious Chase Point Condominium Located In The Heart Of Friendship Heights Dc. This Two Bedroom Two Full Bath Plus Powder Room Bath Condominium Is Beautifully Designed With Floor To Ceiling Windows Off...

This Gorgeous 5 Bedroom 4 1/2 Half Bath Home Is...

Photo of Listing #DCDC515796

$1,749,900 Active

  • 5 Beds
  • Baths
  • 0.1 Acres
  • 3,963 ft²

Residential

4211 Harrison St Nw, Washington, DC

MLS® #DCDC515796

This Gorgeous 5 Bedroom 4 1/2 Half Bath Home Is Perfectly Located Within Walking Distance To Mazza Gallerie***this Beautiful Home Features Custom Wood Floors Throughout, 3 Stone Fireplaces And A Huge Recreation Room With Wet Bar Perfect For Relaxing Or Ente...

24 Hour Notice-appointment Only. Urban Luxury ...

Photo of Listing #DCDC514022

$1,575,000 Active

  • 2 Beds
  • 2 Baths
  • 1,955 ft²

Residential

4301 Military Rd Nw #ph4, Washington, DC

MLS® #DCDC514022

24 Hour Notice-appointment Only. Urban Luxury In The Heart Of Chevy Chase! Gorgeous 2 Bedroom + 2 Bathroom +den Luxury Condominium At Chase Point. This Outstanding Unit Features A Custom Stairway Up To A Second Level Loft And Walks Out To A Fabulous Pri...

The One You Have Been Waiting For In Chevy Chas...

NEW Photo of Listing #DCDC514562

$1,395,000 Active

  • 4 Beds
  • Baths
  • 0.14 Acres
  • 3,320 ft²

Residential

2966 Northampton St Nw, Washington, DC

MLS® #DCDC514562

The One You Have Been Waiting For In Chevy Chase, Dc! Not Your Typical Red Brick Box! This Adorable Yellow Stucco Home Looks Like A Quaint Cottage, But Is Deceptively Larger Inside. Step Inside The Gracious Foyer With 2 Coat Closets To Find Hardwood Flo...

Rare Double Lot-over 10,000 Square Feet! Fanta...

NEW Photo of Listing #DCDC513064

$1,350,000 Active

  • 4 Beds
  • 3 Baths
  • 0.23 Acres
  • 2,775 ft²

Residential

6118 30th St Nw, Washington, DC

MLS® #DCDC513064

Rare Double Lot-over 10,000 Square Feet! Fantastic Opportunity To Renovate This Charming 1922 Bungalow And Restore It To All Its Glory Or Build One Or Two New Houses On This Rare Double Lot! From The Welcoming Front Porch, Step Inside To Find The Living R...

Prime Location At The Corner Of Chevy Chase And...

REDUCED 2% Photo of Listing #DCDC487284

$1,299,900 Active

  • 2 Beds
  • 2 Baths
  • 1,565 ft²

Residential

4301 Military Rd Nw #412, Washington, DC

MLS® #DCDC487284

Prime Location At The Corner Of Chevy Chase And Dc....luxury Style! Across From Friendship Heights Metro. One Of A Kind Sun Splashed Corner Unit With 2 Bedrooms & 2 Bathrooms Overlooking The Gorgeous Green Park And Greenery. Fabulous Large Balcony Overlooks...

Urban Luxury In The Heart Of Chevy Chase! Imagi...

Photo of Listing #DCDC511302

$1,280,000 Active

  • 2 Beds
  • 2 Baths
  • 1,440 ft²

Residential

4301 Military Rd Nw #505, Washington, DC

MLS® #DCDC511302

Urban Luxury In The Heart Of Chevy Chase! Imagine Waking Up Every Morning To An Exquisite, Light-filled Urban Oasis With A Spectacular View Of The Ever-changing Seasons And A Tranquil Zen-like Garden. The Beautiful Two Bedroom, Two Bath Unit Includes A Gra...

Beautifully Renovated Two-level, 3bed|3.5bath C...

Photo of Listing #DCDC514506

$899,000 Active

  • 3 Beds
  • Baths
  • 1,637 ft²

Residential

5231 Connecticut Ave Nw #102, Washington, DC

MLS® #DCDC514506

Beautifully Renovated Two-level, 3bed|3.5bath Condo With Patio And Parking In The Heart Of Chevy Chase. This Is Not Your Typical Condo. It's A 6-unit Converted Rowhouse That Lives Like A Rowhouse With A Separate Entrance In The Back. This Unit Is On The Ba...

Luxury Chase Point Condominium In An Absolute P...

NEW Photo of Listing #DCDC515302

$725,000 Active

  • 2 Beds
  • 2 Baths
  • 1,100 ft²

Residential

4301 Military Rd Nw #315, Washington, DC

MLS® #DCDC515302

Luxury Chase Point Condominium In An Absolute Perfect Setting! All The Restaurants And Shopping That Chevy Chase Has To Offer Are Right On Your Doorstep. Upon Entering The Building, You'll Notice The Gorgeous Entry Way. Take The Elevator To The 3rd Floor, A...

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